When it comes to building a passive income stream, many ASX investors find themselves comparing household names like Woodside Energy and Westpac.
According to its most recent public description, Woodside operates a diverse portfolio of offshore platforms and floating production vessels, and its shares have established themselves among the biggest names on the ASX.
Woodside's dividend history also confirms consistent and franked payouts, and its most recent annual dividend is $1.63 per share.
The oil and gas operator is also showing strong recent price momentum, up almost 39% this year, while pockets of the banking sector—including Westpac—are lagging, with Westpac shares down about 8% over the same stretch.
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When it comes to building a passive income stream, many ASX investors find themselves comparing household names like Woodside Energy and Westpac.
Woodside is Australia's largest independent oil and gas company, producing and marketing energy both here and offshore. With a history stretching back to 1954 and a boost from its recent merger with BHP's petroleum assets, Woodside has evolved into a global energy player. According to its most recent public description, Woodside operates a diverse portfolio of offshore platforms and floating production vessels, and its shares have established themselves among the biggest names on the ASX.
For income-focused investors, Woodside's fundamentals stand out in a few ways:.
Woodside's dividend history also confirms consistent and franked payouts, and its most recent annual dividend is $1.63 per share.
Founded in 1817, Westpac is one of Australia's four biggest banks and a fixture on the ASX.
The oil and gas operator is also showing strong recent price momentum, up almost 39% this year, while pockets of the banking sector—including Westpac—are lagging, with Westpac shares down about 8% over the same stretch.
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The Motley Fool AustraliaWoodside vs Westpac: Which ASX share is better for passive income?plain
The Motley Fool AustraliaNorthern Star vs BHP: Which ASX share is better for passive income?plain
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